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BSM695 Energy Law and Policy

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Energy Law and Policy (BSM695)

   

Added on  2020-03-16

BSM695 Energy Law and Policy

   

Energy Law and Policy (BSM695)

   Added on 2020-03-16

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The Suitability of the G7 in Addressing Energy Challenges[Author(s) name(s):]Word Count: 501BSM695: Energy Law and Policy[Tutor(s) name(s):][Institutional Affiliation:]
BSM695 Energy Law and Policy_1
1The Group of Seven or G7 as it is commonly known, is an informal alliance of seven highlyindustrialised democracies, that is the United States, the United Kingdome, Italy, Canada,Japan, Germany and France, which gathers annually to discuss and coordinate issues ofinternational security, energy matters and global economic issues.1 It was previously referredto as the G8, however, in 2014, Russia’s annexation of Crimea led to its suspension. Thealliance was birthed as a result of various economic challenges that arose in the 1970s whichhad the world apprehensive of the future.2 The role and agenda of the G7 have evolved overthe years, however certain issues such as international trade and economic relations, energyand global securities have been recurrent concerns since its inception.3 The discourse hereinaims to examine the role this summit has played in tackling energy issues thus far and assesswhether it is indeed a suitable forum for the global community to address energy challenges.So far, with regard to energy, G7 summits have proved successful in creating a forum for theworld’s most influential representatives to discuss and approach energy differently. Further,their resolutions have been an inspiration to other nations and institutions which have reliedon them in adopting progressive energy policies; they have led to a more conscious globalmindset to energy matters. The G7 has established itself as a central point and forum todiscuss energy challenges on a global stage thus establishing its role in the global governanceframework.4 The G7 has been successful in previous years due to the political cohesion ofsitting leaders and a commitment to cooperation and compliance on matters of energy,environment and climate change issues.5 However, the challenge facing the effectiveness of1 Zachary Laub and James McBride, ‘The Group of Seven (G7)’ (Council on Foreign Relations, 30 May 2017)https://www.cfr.org/backgrounder/group-seven-g7 accessed 7 October 20172 The Press and Information Office of the Federal Government, ‘The History of the G7’ (G7 Germany, 5November 2014) https://www.g7germany.de/Content/EN/StatischeSeiten/G7_elmau_en/texte_en/2014-11-05-geschichte-g8.html accessed 7 October 20173 Peter I. Hajnal and John J Kirton, ‘The Evolving Role and Agenda of the G7/G8: A North AmericanPerspective’ (2000) Spring Issue, NIRA Review http://www.g8.utoronto.ca/scholar/hajnal_nira.pdf accessed 7October 20174 Dries Lesage and Others, ‘The G8’s Role in Global Energy Governance Since the 2005 Gleneagles Summit’(2009) 15 Global Governance 2715 John J Kirton and Ella Kokotsis, The Global Governance of Climate Change: G7, G20 and UN Leadership( First Published 2015, Routledge 2016) 60
BSM695 Energy Law and Policy_2

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